Dubai – Mubasher: Commercial Bank of Dubai’s (CBD) dropped 2.44% on the Dubai Financial Market (DFM) on Thursday by 12:46 pm, UAE time, after 6,500 of the bank’s shares were traded, despite its reported growth in profits in the fourth quarter of 2017. 

The stock’s turnover has reached AED 26,100 through only one transaction.

The banks sector levelled down 0.35%, while DFMGI shed 0.81%, or 27.32 points, to 3,326.66 points.

CBD reported a 12% increase in net profit in Q4-17, registering AED 337.2 million, compared to AED 301.6 million in the year-ago period.